Due to the slow reform of RMB exchange rate, international hot money expected RMB appreciation, which led to a large amount of foreign capital flowing into China to bet RMB appreciation. It is only a matter of time before the RMB will definitely appreciate. Every day that China's exchange rate drags on, it means more hot money will flow into China. And these hot money, is constantly increasing, which led to the skyrocketing real estate, and then the government cracked down on the housing market, and then hot money entered the stock market, making the stock market skyrocket. Then the China government tried to crack down on the stock market, and then forced the hot money to flow to the material futures market and began to speculate at high prices. It is inevitable that pork and eggs will reach historical high prices, and the overall price increase will continue. It's useless to crack down and block. The only way is to reform the exchange rate in one step and let the international hot money in China take the money and leave. Otherwise, when more and more hot money keeps pouring in, we in China can't afford the loss in the end! However, if the RMB appreciates sharply, many factories will close down, because many foreign companies that can't compete efficiently will go home to farm, but when they get home, they will find that their fields have been expropriated by the state, and there is no land to farm, no work to do, no food to eat and no money to spend. They had to rob.